Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
The Company’s common stock is traded on the NASDAQ Global Select Market under the trading symbol FLXS.
Holders of Record
The Company estimates there were approximately 3,000 beneficial holders of common stock of the Company as of June 30, 2023. The payment of future cash dividends is within the discretion of the Company’s Board of Directors and will depend, among other factors, on its earnings, capital requirements and operating and financial condition.
Purchases of Equity Securities
On January 20, 2022, the Board of Directors approved a repurchase program authorizing the Company to purchase up to an additional $30 million of the Company’s common stock through January 19, 2025. All purchases were made in the open market.
The following table summarizes the activity of the common stock repurchases made during the three months ended June 30, 2023.
Total Number
Average
Total Number
Approximate Dollar Value
of Shares
Price Paid
of Shares Purchased
of Shares that May Yet
Period
Purchased
per Share
as Part of Plan
Be Purchased
April 1, 2023, to April 30, 2023
17,894
$
18.71
1,374,056
$
4,162,934
May 1, 2023, to May 31, 2023
13,237
17.46
1,387,293
3,944,992
June 1, 2023, to June 30, 2023
8,753
18.86
1,396,046
3,779,477
As of June 30, 2023
39,884
$
18.33
1,396,046
$
3,779,477
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.